Starbucks
Starbucks Hands Out $113 Million Welcome Bonus to New CEO
In a move that has raised eyebrows among investors and the public, Starbucks has unveiled a substantial compensation package for its newly appointed CEO, Brian Niccol. The former Chipotle CEO is set to receive a $10 million signing bonus, a $75 million equity grant, and an annual base salary of $1.6 million. Additionally, Niccol is…
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Starbucks Fired Indian CEO Laxman Narasimhan
Starbucks Corporation has suddenly parted ways with its CEO, Laxman Narasimhan, effective immediately. This surprising decision comes during a time of declining sales and growing pressure from activist investors. Narasimhan, who took on the CEO role in April 2023, had previously served as the interim CEO and chief commercial officer. Starbucks has named Brian Niccol,…
